Newtonville, N.Y. – Colonie Town Supervisor Paula A. Mahan today announced that the Town's tentative budget for 2013 is “fully balanced, covers all mandatory increases in pension and healthcare costs, and stays within the 2 percent tax levy cap once again this year.”

The tentative budget will be provided to the Town Board on September 27, 2012, with a public hearing to follow in November.

“The proposed 2013 budget reflects months of hard work by the Town's Budget Committee. I am proud that we have created a balanced budget that allows us to provide our residents with the same level of outstanding services while staying within the 2 percent tax levy cap,” said Supervisor Mahan.

The proposed 2013 budget contains a net tax increase of 12 cents per thousand of assessed value, which will cover all mandatory increases for employee health and NYS pension expenses.

“Our success over the years in making Town government more efficient, eliminating the deficit, and balancing our budget put us in a strong position for 2013,” said Supervisor Mahan.

“We are pleased that once again this year Colonie will be fully compliant with the property tax reform initiated by Governor Cuomo last year. It is essential that all of us in local government remain committed to delivering on the promise of meaningful tax relief,” Supervisor Mahan